Lower prices in Asia cause sharp drop in Metsa Group’s revenues

Lower prices in Asia cause sharp drop in Metsa Group’s revenues
The profit of the major Finnish forest industry company Metsa Group worsened remarkably in April-July, as prices in China and in Asia dropped sharply.    The result was 128 million euros, while last year in Q2 was 210 million.    The group's CEO Ilkka Hamala said the main reason was the low prices at the Asian pulp market.    Metsa Group concluded that the development of world wide pulp markets remains uncertain in the short term. Metsa noted that the production cutbacks announced by several producers and the annual ...

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